Kampala, Uganda | THE INDEPENDENT | Ugandans and foreigners investing in factories to make tyres, shoes, mattresses, and toothpaste will be exempted from paying income tax retrospectively starting July 2019. This is contained in the income tax (amendment) bill 2020. The amendment expands the list of businesses that enjoy this incentive …
Read More »COVID -19: Trade Ministry to set up designated stopover points for truck drivers
Kampala, Uganda | THE INDEPENDENT | The Minister of Trade and Cooperatives will put in place stopover centers for truck drivers in a move aimed at fighting the spread of the Coronavirus (COVID-19). With trans-boundary cargo vehicle drivers and their crew appearing to be the main new threat of spreading …
Read More »Musinguzi new URA boss, Atingo-Ego BOU deputy governor
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed John Musinguzi Rujoki as new Uganda Revenue Authority Commissioner General and named Dr Michael Atingo-Ego Bank of Uganda deputy governor. Musinguzi has been presidential advisor on ICT and investment and board chairman of the National Information Technology Authority (NITA). He will replace …
Read More »URA grants extension on tax paying deadlines
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority has given companies more time to file their tax returns as businesses battle the impact of coronavirus that has seen several shut doors and send staff home. Companies, whose accounting year ends in September, and are unable to file corporation tax returns …
Read More »URA to deploy drones to catch smugglers
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority will start using drones to monitor remote routes that have been used by smugglers to bring goods into the country without paying tax. The project which will see the tax body receive at least 500 million Shillings in the next budget, will …
Read More »BATU rewards URA more than its shareholders
Huge taxes will continue to water down dividends Kampala, Uganda | ISAAC KHISA | Have you ever imagined running a company that hands over a huge chunk of its revenue to government as tax compared to shareholders’ dividends? This is the situation that managers at the British American Tobacco Uganda …
Read More »Experts, consumers put URA on defensive over effectiveness of digital tax stamps
Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority–URA came under the spotlight during the counterfeit conference held in Kampala on Tuesday over the effectiveness of its digital stamps and tracking solutions. The conference that was organised by the Anti-Counterfeit Network in Africa drew participants from among other countries Uganda, …
Read More »ELECTORAL COMMISSION: Tax clearance not a requirement for elections
Kampala, Uganda | THE INDEPENDENT | The Electoral Commission has said obtaining a tax clearance certificate from the Uganda Revenue Authority (URA) is not a requirement for candidates hoping to participate in the 2020/2021 general elections. Doris Akol, the Uganda Revenue Authority -URA Commissioner General recently urged all those intending …
Read More »CSO’s demand recovery of tax refunds issued in error
Kampala, Uganda | THE INDEPENDENT | Civil Society Organizations (CSOs) have asked the government to put in place a robust tax arrears refund system to guard against monies paid out to businesses in error by Uganda Revenue Authority (URA). This call comes after the Auditor General noted anomalies in the refund …
Read More »Behind URA’s Shs700bn shortfall
Taxman to capitalize on new revenue collection initiatives to achieve better results going ahead Kampala, Uganda | JULIUS BUSINGE | Doris Akol, the Commissioner General at the Uganda Revenue Authority and her team have recently been in the news over failure to hit the revenue target. This is happening amidst …
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